Retirement & Pension Planning Services Ltd

Retirement & Pension Planning Services Ltd was a financial advice firm based in Barnsley.

It is currently in liquidation and was declared in default by the FCSC in October 2021.

In 2018 Retirement & Pension Planning Services Ltd were named as one of ten advice firms who voluntarily agreed to drop their pension transfer permissions following the fallout of the British Steel Pension Scheme saga.

British Steel Pension Scheme Claims

British Steel Pension Scheme members were faced with a decision about what to do with their pensions following a restructure of the scheme. This left many vulnerable to unsuitable pension transfer advice.

Transferring from a defined benefit pension scheme like BSPS into a private pension plan or SIPP meant a loss of valuable and irreplaceable benefits.

Transfers of this nature are generally only suitable in certain circumstances and a lot of pension mis-selling has occurred due to unsuitable transfer advice.

Many former BSPS members are now claiming compensation for mis-selling.

 

FCA Fine Retirement & Pension Planning Services Ltd

In August 2021 the FCA published a notice that they had provisionally fined Geoffrey Edward Armin of Retirement and Pension Planning Services £1.2m.

In the regulators’ notice, Mr Armin was described as ‘seriously incompetent’ for advising 422 customers on the transfer of their safeguarded pension benefits from a Defined Benefit Pension Scheme into an alternative pension arrangement (personal pension).

This included 183 members of the BSPS, 174 of whom transferred out of the scheme following Mr Armin’s Personal Recommendation.

The notice also said “Mr Armin failed to obtain information that was necessary to assessing whether a Pension Transfer was suitable for a customer. In addition, he largely disregarded vital information about customers which was necessary to assess whether it was suitable for them to transfer their pension…”

Mr Armin is planning to appeal against the decision to the Upper Tribunal.

Can I make a claim against Retirement and Pension Planning Services?

If you received pension advice from Retirement and Pension Planning Services and that advice is proven to be unsuitable then you may be able to make a claim for compensation.

Want to know more about making a claim?

If you are concerned about the advice you received from Retirement and Pension Planning Services and want to check if you may have been mis-sold – we offer a free initial consultation.

Whilst each case is individual, as pension mis-selling specialists we know to look for certain signs that in our experience indicate that mis-selling may have happened.

Our assessment is free and there’s absolutely no obligation to use our service if you have case.

See what our clients have to say about our service on Trustpilot.

Key Facts

1
They are one of several advice firms linked to the British Steel Pension Scheme saga.
2
The firm is currently in liquidation and was declared in default by the FCSC in October 2021.

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Robert Pemberton
2022-04-11
Antony Stroud
2022-04-08
Excellent company, would definitely use again, they never gave up
Junior Geener
2022-03-20
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
2022-03-14
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
2022-03-11
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
2022-03-10
Keith Wilkins
2022-03-09
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
2022-03-08
Excellent service. Great result.
michael dixon
2022-03-08
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
2022-03-08
Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.